1085 Loan Payment Type Code
Code identifying the nature of loan payment
- Type
- Identifier (ID)
- Length
- Min 2 / Max 2
- Codes
Code | Description |
---|
01 | Adjustable Payment Based on Index |
02 | Fixed Payment with Balloon Option |
03 | Pledged |
04 | Growing Equity Mortgage (GEM) |
05 | Fixed Payment |
06 | Graduated Payment Mortgage (GPM) |
07 | Interest Only with Balloon |
08 | Graduated Payment Adjustable Rate Mortgage |
09 | Extended Term |
10 | Wraparound Mortgage |
11 | Collateral Pledge Graduated Payment Mortgage |
12 | Fixed Payment With Buydown |
13 | Other Loan Payment Type |
14 | Step Rate |
15 | Tiered |
16 | Renegotiated Rate |
17 | Reverse Annuity |
18 | Reverse Installment Buydown |
19 | Shared Appreciation |
20 | Second Mortgage |
21 | Interest Only |
22 | Non-level |
23 | Biweekly |
24 | Five-year Balloon |
25 | Seven-year Balloon |
26 | Regular Reducing |
27 | Skip |
28 | Balloon |
29 | Single |
30 | Fixed Principal Payment |
32 | Start Up Mortgage |